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letting taxes go up on everything. that's not what he wants. >> chris: payroll taxes. >> right. both sides have strong incentives to make a deal. not to mention they want to get out of town for christmas. >> bill, given all of that, and you were one of the early people who said republicans -- i just felt we would remind those who may have missed it, you said republicans don't want to fight over tax increases for millionaires. what's the smart play for republicans at this point and how do they get -- because it's all about taxes. how do they get the deficit debate back to spending and entitlements? >> they can do that next year once taxes are off the table. these pass an extension of all bush tax cuts which republicans believe is best. >> before the end of the year. >> yes, before christmas. then pass perhaps a second piece of legislation as a fallback if the senate doesn't accept the better piece. it makes accommodations to president obama and allows a hike up to 37% for millionaires. obama has a extreme position. 4% on every family making $250,000 or more. there are a a lot of
letting taxes go up on everything. that's not what he wants. >> chris: payroll taxes. >> right. both sides have strong incentives to make a deal. not to mention they want to get out of town for christmas. >> bill, given all of that, and you were one of the early people who said republicans -- i just felt we would remind those who may have missed it, you said republicans don't want to fight over tax increases for millionaires. what's the smart play for republicans at this point...
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of course, the president is saying tax rates being tax rate, tax rates. he is trying to tap into the anger and angst of the election. if i have learned anything, if you get people to act out of anxietier and rage, you will make bad mistakes. what we have to look at is the issue of the deficit and the issue of getting people back to work. you know, when the president talks about, if we don't deal with the fiscal cliff, the average family will see their taxes go up $2,000 a year. in the last few years, their gasoline bill has increased $2500 a year. so we need to be dealing with the natural gas and the oil and the gasoline and the energy prices. >> not only a member of congress, a medical doctor and a psychiatrist. make you can get everybody on the couch. you mentioned taxes, taxes, taxes. here's an interesting take from robert robb. let me get your reaction to this. he said, quote, what obama is trying to do is force republicans to finance, through higher taxes and increased borrowing, the size of the furthermore government obama thinks is appropriate. oba
of course, the president is saying tax rates being tax rate, tax rates. he is trying to tap into the anger and angst of the election. if i have learned anything, if you get people to act out of anxietier and rage, you will make bad mistakes. what we have to look at is the issue of the deficit and the issue of getting people back to work. you know, when the president talks about, if we don't deal with the fiscal cliff, the average family will see their taxes go up $2,000 a year. in the last few...
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after the other 98%, that means energy tax, gasoline tax. the president talked about cover tax, all those things on the self next year. >> it hits everyone. steve moore, always great to have you. >> great to be with you. >> regulating water. it may sound strange but the government says water could be a pollutant and based on epa regulations it could cost homeowners their private property. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50% annual bonus. and everyone...but her likes 50% more cash. but i'm upping my game. do you want a candy cane? yes! do you want the puppy? yes! do you want a tricycle? yes! do you want 50 percent more cash? no! ♪ festive. [ male announcer ] the capital one cash rewards card gives you 1% cash back on every purchase plus a 50% annual bonus on the cash you earn. it's the card for people who like more cash. what's in your wallet? >>> do you know water could be classified as a pollutant. if the epa thinks there's too much in your neighborhood they can take away your home, flatte
after the other 98%, that means energy tax, gasoline tax. the president talked about cover tax, all those things on the self next year. >> it hits everyone. steve moore, always great to have you. >> great to be with you. >> regulating water. it may sound strange but the government says water could be a pollutant and based on epa regulations it could cost homeowners their private property. the capital one cash rewards card gives you 1% cash back on all purchases, plus a 50%...
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it shifted the way it has on taxes. senator mcconnell put on the floor a resolution that said it was his idea, not ours, that let the president raise the debt ceiling. it's money congress has already spent and let congress by two-thirds override it. he thought we democrats would run from that scared as could be. within a half hour we had 51 votes, we called his bluff and he filibustered his proposal. the sure footed mitch mcconnell stumbled. i believe debt ceiling will be part of the agreement. and i believe our republican colleagues learned that to say the government will not pay its debt and hold it up for something else is bad substance and bad politics. i don't think they'll prevail. if they want to say we won't raise the debt ceiling unless we cut medicare, make our day. >> meaning go ahead and default the country? >> no, meaning that is untenable and won't last. >> i want to go to other subjects. senator schumer, on the first day of the next congress in january, will democrats change the rules on filibusters by a
it shifted the way it has on taxes. senator mcconnell put on the floor a resolution that said it was his idea, not ours, that let the president raise the debt ceiling. it's money congress has already spent and let congress by two-thirds override it. he thought we democrats would run from that scared as could be. within a half hour we had 51 votes, we called his bluff and he filibustered his proposal. the sure footed mitch mcconnell stumbled. i believe debt ceiling will be part of the agreement....
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more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to the principle compromise so we have a sustainable debt to g.d.p. ratio so our economy grows. that is what the compromise should the have to do and tax reform and entitlements and raising marginal tax rates. >> heather: do you think compromise is in progress in terms of the meeting today? >> any time the parties are talking face to face and not picking up the phone and having short conversations is a good thing. occasionally a deal gets done. we've been down this road before. boehner thought he had a deal with the president and president tho
more boehner has proposed that in tax reform. it kind of looks like that raising taxes on the wealthy. that means the president which has laid down a substantive plan has to address spending cuts. we need about two dollars in spending cuts for every dollar in tax increases and it has to include entitlement reform. he has talked about different index inflation for social security and raising the age of medicare. that is the grand bargain that we need to do so we stop the negotiation and come to...
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even the estate tax and deductions and exemptions and he'll be done with tax reform. i think his goal is to make this set of tax changes permanents. >> i think he wants one other thing, republican fingerprints, that is votes in favor of raising rates because he knows if that happens. he decides the republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this plan, also, i don't think barack obama minds in the tax rates go up on the middle income people as well. >> paul: he's promised-- you're saying-- >> the ultimate win is to have all of that new revenue for the government and being able to blame it on the republicans. >> paul: wait a minute, if you're saying we go over the cliff, nothing happens in december, come january the president will not turn around and insist on andis ... >> well, things in the middle east went from bad to worse this week with reports to the syrian military is preparing temp cal weapons that could be used against its own
even the estate tax and deductions and exemptions and he'll be done with tax reform. i think his goal is to make this set of tax changes permanents. >> i think he wants one other thing, republican fingerprints, that is votes in favor of raising rates because he knows if that happens. he decides the republican party and offers some protection for democrats for raising taxes in the next congressional election. >> absolutely. breaking the republican party would be a benefit to this...
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. >> alisyn: he has the upper hand in this because he wants taxes to go up. >> a tax cut is not a tax cut at all, we extend, we extend. there is a difference there. >> right. >> like you were saying, clayton, representative randy forbes, i guess kind of well, leading the way and saying the president doesn't want an agreement and well, listen to him. >> the president doesn't really want to get an agreement or a compromise. he wants to get his way. and that's why he won't come to the table with any serious proposal and simply talk because i think if we do that. we can get a solution that everybody could live with. we're willing it sit down and negotiate and talk about the ideas and principles, where is the senate and where is the president. and sitting at the table the senate and president are missing in action. >> alisyn: it's the president's address this weekend where i heard him sound the most definitive. he sounds like he will not budge on that $250,000 line for families and for businesses. there is he been a the lot of talk, will he raise it to a million. >> half a million. >> half
. >> alisyn: he has the upper hand in this because he wants taxes to go up. >> a tax cut is not a tax cut at all, we extend, we extend. there is a difference there. >> right. >> like you were saying, clayton, representative randy forbes, i guess kind of well, leading the way and saying the president doesn't want an agreement and well, listen to him. >> the president doesn't really want to get an agreement or a compromise. he wants to get his way. and that's why he...
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but from the tax code in 1913 only 14 pages we have warped into the 702000 page monster. more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking figures showing as the income rises to live the american dream, you start to get taxed on one end the government takes away benefits on the other end those who lose a living standard with $10,000 more in salaries. >> they play more in taxes and lose government benefits. >> earned income credit, of welfare benefits, medicaid, food stamps, housing assistance, you're on a treadmill. you are running harder and it goes backwards. think of the mmssage that since. they think i will not work as hard or get disability. john: in pennsylvania with $29,000 of income you are better to stay there than earning
but from the tax code in 1913 only 14 pages we have warped into the 702000 page monster. more than 1,000 different forms to download. nobody understands. h&r block loves it but it is a news around the neck of the american economy. every page has something in it that sounds good but look what it adds up to 27 spending. the welfare state. people say take care of people. unintended consequence? >> you heard those most vulnerable. the welfare state is like flypaper. there are shocking...
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the bush tax cuts lapse. what they're talking about is let's extent bush tax cuts for the 98%, let them go up maybe not 39.6% but 37%, something like that. then next year, when the republicans have more leverage with the debt ceiling and also with the government running out of money, that's the point they go after the president on spending. both social programs as well as entitlement reform. i'm not sure you're going to get a big deal right now but you might get enough to avoid the fiscal cliff and then more fighting next year over spending. >> will republicans accept a 38% tax rate for the wealthy? and will democrats accept reductions in entitlement spending? >> that's a good question. corker would accept 37% but he speaks for a few senators. he doesn't speak for the house republican majority and john boehner though it seems to be moving that direction. i'm not sure the president would accept 37% because i'm not sure he gets enough money. you need enough money, whether there's some -- yes, partial increase i
the bush tax cuts lapse. what they're talking about is let's extent bush tax cuts for the 98%, let them go up maybe not 39.6% but 37%, something like that. then next year, when the republicans have more leverage with the debt ceiling and also with the government running out of money, that's the point they go after the president on spending. both social programs as well as entitlement reform. i'm not sure you're going to get a big deal right now but you might get enough to avoid the fiscal cliff...
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all of those americans, too, get a tax cut. the obama administration is happening what happens for the aying american families. we have congressman randy forbes. >> let me ask you something. do you feel like a president actually wants this to happen so that it gives him some political ad vantage? >> i have to judge that by two things. first of all what i am hearing from my colleagues on the democratic leadership side they said they wanted to go over the fiscal cliff because we have argued all along they will start by simply taxing everybody over 250,000. they told me they wouldn vote fr anything that would tax everybody over 150,000. you take the president's actions. the president doesn't want to get an agreement or compromise he wants to get his way. he won't come to the table with any serious proposal because we can get a solution everybody can live with. >>> they have a bit of a messaging problem. i don't understand why there's not more of a conversation that starts with the fact these taxes go up. democrats would not extend
all of those americans, too, get a tax cut. the obama administration is happening what happens for the aying american families. we have congressman randy forbes. >> let me ask you something. do you feel like a president actually wants this to happen so that it gives him some political ad vantage? >> i have to judge that by two things. first of all what i am hearing from my colleagues on the democratic leadership side they said they wanted to go over the fiscal cliff because we have...
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does anybody care about taxing the rich? no. nobody is talking about the spending the do you police sit programs we have in this country. why aren't people talking about cutting back on spending. >> we are not even talking about giving aid to egypt and pakistan. we are not even talking about cutting anything on that at all. >> there is bigger issue. we need jobs. economic growth and revitalization of the american spirit. when you watch this and see america being degraded and devalued you have to be sad. >> that's the point, doug and i agree entirely with that point which is what people want to hear and talk about. that's what the republicans have talked about the election which they didn't and that's what they should be talking about now. someone should. the country is waiting. you are waiting. >> bottom line we elected president obama because is he nothing more than a brand. just like giewchy, bmw, whatnot. he is just a brand. >> at the end of the day, recession? >> yeah. yeah. >> recession? >> pretty likely. if we go off the c
does anybody care about taxing the rich? no. nobody is talking about the spending the do you police sit programs we have in this country. why aren't people talking about cutting back on spending. >> we are not even talking about giving aid to egypt and pakistan. we are not even talking about cutting anything on that at all. >> there is bigger issue. we need jobs. economic growth and revitalization of the american spirit. when you watch this and see america being degraded and...
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so is increased taxes inevitable for those 2 percenters. let's ask who better than the former presidential candidate himself our favorite former presidential candidate the host of his own hit radio and television shows the author most recently the dear chandler dear scarlet a wonderful book. governor mike huckabee joins us. so, elections have consequences. we're fond of saying. is that a consequence? will be the 2% be paying the additional tax. >> they might. i guess the real question is what is it that the president's to achieve by this? if it is to reduce the deficit, it won't happen because if they take that money it, may run the government for 8 days. so we're not talking about an amount of money that's really going to fundamentally change either the ability to fund government or reduce the deficit. is it because he wants to punish people at the top? why? what is that to him? that doesn't help people at the bottom. if it did, then it could be justified. and i guess the president has yet to explain other than the fair share if you think
so is increased taxes inevitable for those 2 percenters. let's ask who better than the former presidential candidate himself our favorite former presidential candidate the host of his own hit radio and television shows the author most recently the dear chandler dear scarlet a wonderful book. governor mike huckabee joins us. so, elections have consequences. we're fond of saying. is that a consequence? will be the 2% be paying the additional tax. >> they might. i guess the real question is...
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the skicliff is tax hikes cominn january 1st. it could send us back into recession. president obama and congressional republicans blocking a deal to avoid an economic catastrophe. marco rubio addressing the public says it does nothing to solve the long-term problem of a ballooning national debt. >> tax increases will not solve our debt only economic growth will help control the debt. house republicans have a democratic bill that already passed the senate. the republican alternative will not work. >> the senate has already done their part. now we are waiting for republicans in the house to do the same thing. but so far they have put forward an unbalanced plan that lowers the rates for the wealthiest americans. >> the tax hikes on americans. they say voters made it clear when he was elected. >> he is a democrat. former florida governor carlie fritz making it official after two years as an independent. he's seen as a candidate former challenger republican rick scott in 2014. we have a message for christ. bring it on. he was elected in 2006 but ran for senator after losi
the skicliff is tax hikes cominn january 1st. it could send us back into recession. president obama and congressional republicans blocking a deal to avoid an economic catastrophe. marco rubio addressing the public says it does nothing to solve the long-term problem of a ballooning national debt. >> tax increases will not solve our debt only economic growth will help control the debt. house republicans have a democratic bill that already passed the senate. the republican alternative will...
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john: your tax dollars at work? >> more horrible examples of government good intention gone wrong. you have to obey this. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#: 1-800-345-2550 lipper categories. tdd#: 1-800-345-2550 lower than spdr tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 and even lower than vanguard. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 that means with schwab, tdd#: 1-800-345-2550 your portfolio has tdd#: 1-800-345-2550 a better chance to grow. tdd#: 1-800-345-2550 and you can trade all our etfs online, tdd#: 1-800-345-2550 commission-free, from your schwab account. tdd#: 1-800-345-2550 tdd#: 1-800-345-2550 so let's talk about saving money, tdd#: 1-800-345-2550 with schwab etfs. tdd#: 1-800-345-2550 schwab etfs now have the lowest operating expenses td
john: your tax dollars at work? >> more horrible examples of government good intention gone wrong. you have to obey this. tdd#: 1-800-345-2550 let's talk about low-cost investing. tdd#: 1-800-345-2550 at schwab, we're committed to offering you tdd#: 1-800-345-2550 low-cost investment options-- tdd#: 1-800-345-2550 like our exchange traded funds, or etfs tdd#: 1-800-345-2550 which now have the lowest tdd#: 1-800-345-2550 operating expenses tdd#: 1-800-345-2550 in their respective tdd#:...
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he wants to raise the tax rate to 75%. pretty soon there won't be anybody in france but he and the kids not doing homework. >> everybody who did their homework will be leaving and those who didn't do their homework will be left behind. do you believe it benefits the poor more so than the wealthy? >> no. i think it is meant to jog the mind and make sure you are retaining the information you take in during the school day. but isn't this what libraries are for? if you don't have an optimal situation at home to do your algebra you go to the library with your lights on? >> that's no prank. >> but come on. they are making excuses for everything now. granted i do hear kids have a lot more homework now. >> they are french so it doesn't matter. joe, you look like a guy who didn't do his homework. >> certainly not for tonight's show. >> no, you did a imr job. no, you did a great job. >> i think this is very bad. they need critical thinking skills. guests that need to be stacked and boat neck t-shirts that need to be striped. we are
he wants to raise the tax rate to 75%. pretty soon there won't be anybody in france but he and the kids not doing homework. >> everybody who did their homework will be leaving and those who didn't do their homework will be left behind. do you believe it benefits the poor more so than the wealthy? >> no. i think it is meant to jog the mind and make sure you are retaining the information you take in during the school day. but isn't this what libraries are for? if you don't have an...